Microbiology Culture Market to Reach US$7.59 bn by 2023 due to Increasing Life Science Research Funding Globally

Microbiology Culture Market to Reach US$7.59 bn by 2023 due to Increasing Life Science Research Funding Globally

A new Transparency Market Research report states that the global microbiology culture market stood at US$4.51 bn in 2014 is predicted to reach US$7.59 bn by 2023. It is predicted to expand at a CAGR of 5.90% from 2015 to 2023. The title of the report is, “Microbiology Culture Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023.”

Microbial culture is a procedure of to multiplying microbial organisms by allowing them to reproduce in a specific culture media within a controlled laboratory environment. These cultures are utilized for determining the kind of organism or its quantity within the sample tested or both. This method is amongst the major microbiology-based diagnostic methods of microbiology and is utilized as a tool for determining the cause of a particular infectious disease. At present, a number of microbiology cultures are being employed by microbiologists extensively within industries such as beverages, food, life sciences research, pharmaceuticals, cosmetics, research, and others.

The report states that the rising demand for antibiotics and the increasing life science research funding are amongst the key factors fuelling the growth of the market for microbiology culture. In addition, the increasing occurrence of infectious and food-borne diseases will also augment the growth of the market. Furthermore, the market is experiencing robust growth owing to the increasing concerns on regarding food safety, the evolving pathogens, the rising count of food recalls, and the increasing public awareness. The market is poised to expand rapidly owing to the rising need for food sourcing owing to the increasing supply and demand for food globally. On the other hand, the soaring costs involved in numerous kinds of media may impede the growth of the market in the forthcoming years.

In terms of culture type, the report segments the market into eukaryotic culture and bacterial culture. The segment of eukaryotic culture is further segmented into eukaryotic algal cultures, yeast cultures, and others. Amongst these, in 2014, the segment of bacteria culture media led the market and is predicted to maintain its dominance throughout the forecast horizon. This is owing to its increasing usage in pharmaceuticals, disease research, and food microbiology.

By media type, the market is segmented into complex media, simple media, special media, and synthetic media. Amongst these, in 2014, the segment of media complex media dominated the market for microbiology culture and was trailed by the segment of special media. The segment of media complex media will continue to maintain its superiority throughout the forecast horizon owing to its characteristics of offering a full range of development factors needed for the cultivation of nutritionally complex bacteria or any kind of unknown bacteria.

Geographically, the report segments the market into Europe, Latin America, North America, Asia Pacific, the Middle East, and Rest of the World (RoW). Amongst these, in 2014, the North America microbiology culture market held the largest share in the market on the basis of revenue and was trailed by Europe. North America will continue to lead by the end of the forecast period owing to the dominance of various biopharmaceutical companies in this region. On the other hand, Asia Pacific is predicted to exhibit the greatest growth rate in the forecast horizon owing to rising food safety measures and the increasing demand for antibiotics in this region.

The global microbiology culture market is segmented into the following categories:

Microbiology Culture Market, By Culture Type

Bacterial Culture

Eukaryotic Culture

Microbiology Culture Market, By Media Type

Simple Media

Complex Media

Synthetic Media

Special Media

Microbiology Culture Market, By Geography

North America

U.S.

Canada

Europe

U.K.

Germany

Rest of Europe

Asia Pacific

China

India

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East

Saudi Arabia

UAE

Rest of Middle East

Rest of the World

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